Binance, the world’s largest digital-asset exchange, is set to launch its comprehensive services on a brand-new platform specifically tailored for Japan.
Changpeng Zhao, the founder of Binance, announced this development through a video presentation during a conference in Tokyo on Tuesday, Investors King reports.
Last November, Binance acquired Sakura Exchange BitCoin, and in May of this year, the company revealed its plans to establish a platform that adheres completely to Japan’s local regulations.
Amidst its global prominence, Binance faces rigorous regulatory scrutiny in several jurisdictions worldwide.
However, the forthcoming platform for Japan aims to ensure full compliance with the country’s rules and regulations, providing a secure and regulated crypto trading experience for Japanese users.
Binance is one of the world’s leading cryptocurrency exchanges, known for its extensive range of digital asset trading services. Founded in 2017 by Changpeng Zhao (CZ), the platform quickly rose to prominence and became a dominant force in the crypto space.
Based on its user-friendly interface and a wide selection of cryptocurrencies available for trading, Binance gained a massive user base within a short span of time. The exchange offers a variety of trading pairs, including major cryptocurrencies like Bitcoin, Ethereum, and Ripple, as well as a multitude of altcoins.
One of Binance’s distinguishing features is its native cryptocurrency called Binance Coin (BNB). BNB can be used to pay for trading fees on the platform, granting users additional benefits and discounts. The exchange also features spot trading, futures trading, margin trading, and various other financial products, catering to both novice and experienced traders.